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🔍 Citigroup UK Head Urges Regulatory Rethink on Crypto Holdings
According to PANews, Tiina Lee, UK Head of Citigroup, has called on regulators to reassess overly restrictive rules on banks holding cryptocurrency assets. Speaking at TheCityUK Annual Conference, Lee warned that upcoming global standards imposing a 1250% risk weight on crypto assets will severely hinder bank participation.
📊 This regulation would require banks to hold £125 in capital for every £100 in crypto assets, making institutional involvement nearly unfeasible.
Lee highlighted that with the pro-crypto stance of U.S. President Donald Trump's administration, there’s a critical decision ahead:
👉 Either push crypto into the shadow banking sector,
👉 Or bring it into the regulated financial system through smart oversight.
She emphasized that without regulatory clarity, crypto asset activity may drift into less supervised markets, missing the opportunity to foster innovation under proper compliance frameworks.
💬 “We need policies that allow safe integration, not exclusion,” she stressed — making this a hot topic for industry and regulatory discussions moving forward.
#CryptoNews #Banking #Regulation #Citigroup #TheCityUK #Cryptocurrency #Bitcoin #Finance #DonaldTrump #PANews #DeFi #CryptoAssets
